Leading women-founded ice cream brand Coolhaus and social organization Black Girl Ventures (BGV) have both joined forces to announce the launch of a new initiative aimed at supporting Black and brown business-women. According to a press release , both entities have introduced “ Currency Cake” — a carrot cake batter ice cream with cream cheese frosting swirl and candied pecans — which is considered the first-ever pint of ice cream solely created to fund the next generation of Black and Brown women entrepreneurs. Many reports have shared that Black founders, and Black women founders in particular, receive very little access to venture capital and have no choice but to rely on fundraising through family and friends, grants and crowdfunding. Thus, BGV and Coolhaus wish to launch a venture that will change that narrative for Black and brown business-women and help them reach their company goals. “When we have big ideas for brands that can change the game, the next step is finding unique...

The NBA Foundation is working to make impactful strides in the social justice sector for its inaugural year. Just one year after the Milwaukee Bucks held a strike following the police shooting of Jacob Blake, the NBA has demonstrated a better understanding of what it means to invest in social-justice-driven philanthropy. In doing so, it’s putting its money where it’s needed most to uplift the next generation of Black leaders. According to an announcement from the NBA, the league’s newly-created foundation celebrated its one-year anniversary last week by distributing $6 million to 22 different organizations who aim to “create employment opportunities, further career advancement and drive economic empowerment for Black youth.” These grant recipients — including Black Girl Ventures — were a part of the foundation’s third round of grant funding to be given out in its first year. As part of its one-year anniversary, the NBA Foundation announced 22 new grants totaling $6 million today to...